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Dec 9, 2012
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>> this will be run by the government. what additional tools can we bring to the governor's to provide additional resources and what can we do to support small businesses? >> at the very end, use of the budget request for what we think is boy to be needed, as we look at the numbers coming members of the requests, is a possible that some of what will make the number lower is they will not be able to rebuild? >> that's exactly what i was saying. particularly in the fema programs, it is a unique funding source. those bonds do not expire. we get a preparations annually in for the disasters that we have had a and we make sure we have bonds available to respond to the next disaster. it is not just about spending this much raw in this disaster this year, but it is also keeping the standards. when congress fully funded that, it was also to provide the faunas out for something like this. but you have to be ready to go. our annual appropriation does not only the total figure for a disaster. it is what we expect it to the extent and
>> this will be run by the government. what additional tools can we bring to the governor's to provide additional resources and what can we do to support small businesses? >> at the very end, use of the budget request for what we think is boy to be needed, as we look at the numbers coming members of the requests, is a possible that some of what will make the number lower is they will not be able to rebuild? >> that's exactly what i was saying. particularly in the fema...
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Dec 7, 2012
12/12
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government spending is above what it was before the recession. business investment, that area is what continues to lag. in your view, do you think raising taxes on the two marginal rates as well as capital gains dividends, does that encourage more business investment in the economy? >> the threat of those increases is a very big negative. mr. brady, one of the things economists use when they teach graduate classes is something called the handbook of public economics. you had to study that, too, mark. i know i did. one of the later editions, there is a chapter on how taxes effect business spending. we go into a very gory detail about how negative this can be. if the dividend tax is going to go up, a lot of firms would be hurt significantly by that. they would be paring back their capital spending in anticipation of higher taxes in the future. businesses will look to the future when they decide what they're going to do. they are not investing. you see it's in the investment data. it is why this recovery has been so slow. businesses have a lot of ca
government spending is above what it was before the recession. business investment, that area is what continues to lag. in your view, do you think raising taxes on the two marginal rates as well as capital gains dividends, does that encourage more business investment in the economy? >> the threat of those increases is a very big negative. mr. brady, one of the things economists use when they teach graduate classes is something called the handbook of public economics. you had to study...
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Dec 9, 2012
12/12
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we need the federal government's help. the federal port authority received no taxpayer money from either new york or new jersey. we rely on user fees, rents, tolls and fares and those revenue streams have their limitations. we're still assessing the exact cause of repair and recovery but our needs are enormous. we face billions of dollars to install mitigation processes such as protecting it elevating electrical substations at pass and the airports as well as additional pumping capacity at the party and jfk airports. in conclusion, the obama and -- above the administration is congress have been great partners that we are grateful. but costs will be high. they would be unfathomable and the terms of lost productivity, disabled economy and a fracture transportation network should we fail to make those repairs and investments. the road ahead will be a challenge but with the help of the federal government and our partners, we know recovery is possible. thank you for all to this hearing, senator. >> we know each other so well. w
we need the federal government's help. the federal port authority received no taxpayer money from either new york or new jersey. we rely on user fees, rents, tolls and fares and those revenue streams have their limitations. we're still assessing the exact cause of repair and recovery but our needs are enormous. we face billions of dollars to install mitigation processes such as protecting it elevating electrical substations at pass and the airports as well as additional pumping capacity at the...
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Dec 6, 2012
12/12
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that's not what their goal of government, that's not their philosophy of government. and what the purpose of government is i believe that brauk bach is on this eright track to teach the people that this is what the role of government should be, is for the people. not for the corporate interests. and -- one other thing, can i ask about c-span, i want to say that unfortunately, i have been disabled, i'm a lawyer, and a veteran, i have been not able to work since the end of 1997. the one benefit that i have had to have this opinion is that i've been able to watch c-span and "washington journal" almost daily. and because of my illnesses unless i haven't been well enough to watch and i have learned so very much that i have never learned in 180 undergraduate hours or law school or high school. i have learned more history, i have learned more government, i have learned the true history of this country. not what we've been spoon fed in high school, that pablum they gave us in grade schools the pleasant little stories. it is to recognize where we have come from and how far we
that's not what their goal of government, that's not their philosophy of government. and what the purpose of government is i believe that brauk bach is on this eright track to teach the people that this is what the role of government should be, is for the people. not for the corporate interests. and -- one other thing, can i ask about c-span, i want to say that unfortunately, i have been disabled, i'm a lawyer, and a veteran, i have been not able to work since the end of 1997. the one benefit...
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Dec 5, 2012
12/12
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we can argue about whether we should do it from the federal government or from the state government or from our communities and our chumps but of course we're committed to fulfilling those goals. but we cannot, it is not fair and i argue it is immoral to face the kind of challenges that we're facing and say, you know what, we, the 80% of america, aren't going to help at all. we're already paying 6% of all the bills. there are 80% of us. we're the primary beneficiary. we're paying 6% of all the bills. we don't want to pay more. tax them. that is incredibly dangerous. and anti-theycal to who we are as a republic -- antithetical to who we are as a republic. ben franklin is often cited, if people find they can vote themselves money that will herald the end of the republic. that makes sense. it takes 51% to win an election. if 51% of the people can make sure that 49% have to bear all the burdens and pay all the bills and do all the fighting, then the thore 51% can take the day off. then franklin worried about that over 200 years ago. milton friedman, passed away, by his words are still with
we can argue about whether we should do it from the federal government or from the state government or from our communities and our chumps but of course we're committed to fulfilling those goals. but we cannot, it is not fair and i argue it is immoral to face the kind of challenges that we're facing and say, you know what, we, the 80% of america, aren't going to help at all. we're already paying 6% of all the bills. there are 80% of us. we're the primary beneficiary. we're paying 6% of all the...
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Dec 6, 2012
12/12
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the purpose of government is. i believe barack obama is on the right track to teach the people that this is what the role of government should be, for the people. not the corporate interests. one other thing. matt asked about c-span? i want to say unfortunately i have been disabled. i am a disabled veteran. i have been not able to work since the end of 1997. the one benefit i have had to have this opinion is i have been able to watch c-span and "washington journal" almost daily. very much rned so muc that i have never learned in undergraduate hours, law school, or high school. i have learned more about history, government, the true history of this country. not what we have been spoonfed in high school. or in critical about the pleasant stories where we were happy with smiles on their face. where we have come from and how far we have come and how far we can go in terms of really being that bright and shining lfght for other countries to follow by example. host: is that it? caller: please, please, is there some way
the purpose of government is. i believe barack obama is on the right track to teach the people that this is what the role of government should be, for the people. not the corporate interests. one other thing. matt asked about c-span? i want to say unfortunately i have been disabled. i am a disabled veteran. i have been not able to work since the end of 1997. the one benefit i have had to have this opinion is i have been able to watch c-span and "washington journal" almost daily. very...
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Dec 7, 2012
12/12
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we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity at the airports to safeguard our system in the future. the obama administration and this congress have been great partners throughout this process, and we are grateful. the cost will be high, but it would be unfathomable in terms of the cost of lost productivity, disabled economies, and a fractured transportation networks should we fail to make those investments. the road ahead will be a challenge, but with the help of the government, we know that recovery is possible. thank you for holding this hearing, senator. >> we know well we are neighbors
we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity...